Here’s a question that most people don’t answer correctly. If you got 1% better each day for one year, how much better would you be? A lot of people answer that we’d be 3.65 times (or 365%) better. That’s wrong. In fact, it’s way wrong.
The reason is simple but not intuitive. Future improvement builds on previous improvement. We don’t keep going up 1% from day one. We go up 1% from the day before. Which is 1% more than the day before it. And so on.
So how much better would you actually be: 37 TIMES BETTER! (Or 3,778% better; here’s the equation: 1.01^365)
How can improving by just 1% each day result in that big a change?
